Writing for the UK200Group, BKL tax partner David Whiscombe comments on news that a survey of ICAEW members suggests half of British accountants believe growing uncertainty around the UK’s role in Europe could impede businesses this year.
‘One of the many great strengths of the SME sector is the flexibility with which it is able to respond to changing circumstances. But what cripples any business and stifles forward planning and investment is uncertainty and with the current debate over Europe and no idea of the constitution of the government four months hence we currently have uncertainty in spades. I suspect that few businesses are going to be making many long-term investment decisions this springtime.’